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EIN 41-1555856

Growth Innovations

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Aitkin
State
Minnesota
Year formed
1985
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Growth Innovations promotes economic development opportunities for the surrounding area, incentivizes new businesses to locate in Aitkin, and creates new employment opportunities. The organization aids economic development and diversification of Aitkin County by providing financing and incubator space to developing businesses and serves as a conduit for specialized funding and operational guidance for agriculture.
Also known as...
Aitkin County Growth
Total revenues
$286,387
2022
Total expenses
$319,393
2022
Total assets
$1,754,960
2022
Num. employees
5
2022

Program areas at Growth Innovations

Mission: job creation and aiding the economic development and diversification of Aitkin County, mn by providing financing and incubator space to developing business and by serving as a conduit for specialized funding and operational guidance for agricultural product diversification.

Personnel at Growth Innovations

NameTitleCompensation
Stan GustafsonExecutive Director$78,242
Pat MurphyBoard Chair$0
John SloanSecretary and Treasurer / Secretary and Treasur / Board Chair / Vice Chair O$0
Genevieve FiedlerBoard Chair / Secretary and Treasurer$0
Barb CarrPast Executive Director$57,619
...and 2 more key personnel

Financials for Growth Innovations

RevenuesFYE 12/2022
Total grants, contributions, etc.$234,303
Program services$60,332
Investment income and dividends$-8,398
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$150
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$286,387

Form 990s for Growth Innovations

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122019-11-29990View PDF
...and 10 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 19, 2024
Updated personnel
Identified 3 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 3, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donations
General information
Address
316 First Ave NW
Aitkin, MN 56431
County
Aitkin County, MN
Website URL
growthiv.org/ 
Phone
(218) 927-2172
IRS details
EIN
41-1555856
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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